Luminator Secures USD 40 Million in Loans with Legal Support
Deal News | Nov 20, 2024 | CEE Legal Matters
Schoenherr, in collaboration with Proskauer Rose and Paul Hastings, provided legal counsel to Luminator Technology Group (LTG) and Wingspire Capital for securing USD 40 million in term and revolving loans for LTG. Luminator Technology Group specializes in technology solutions for the transit industry, offering products like display and surveillance equipment for transportation systems manufacturers and suppliers. Wingspire Capital, known for offering senior debt solutions, played a crucial role in the financing arrangement. A team from Schoenherr, including Partner Pawel Halwa, Counsel Marcin Antczak, and Associate Aleksandra Golawska, led the advisory process.
Sectors
- Technology Solutions for Transit
- Specialty Finance
- Legal Advisory
Geography
- United States – Wingspire Capital is based in the United States, playing a central role in the financial transaction.
Industry
- Technology Solutions for Transit – Luminator Technology Group operates within this industry, providing technology like displays and surveillance equipment for municipal transportation systems.
- Specialty Finance – Wingspire Capital is involved in this industry as they offer senior debt solutions for financing projects such as the loans to LTG.
- Legal Advisory – Schoenherr, Proskauer Rose, and Paul Hastings operate in this sector, facilitating legal processes and agreements for financial transactions.
Financials
- USD 40 Million – Term and revolving loans granted to Luminator Technology Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Luminator Technology Group | Target Company | Companies | A provider of technology solutions for the transit industry, serving municipal transportation systems and suppliers. |
| Wingspire Capital | Bidding Company | Companies | A diversified specialty finance firm offering senior debt solutions. |
| Schoenherr | Legal Advisor | Companies | Legal firm advising on the USD 40 million loans transaction. |
| Proskauer Rose | Other Legal Advisor | Companies | Provided collaboration with Schoenherr in advising the financial transaction. |
| Paul Hastings | Other Legal Advisor | Companies | Collaborated with Schoenherr for legal advisory on the loan agreement. |
| Pawel Halwa | Partner | People | Partner at Schoenherr leading the legal advisory team. |
| Marcin Antczak | Counsel | People | Counsel at Schoenherr involved in the transaction. |
| Aleksandra Golawska | Associate | People | Associate at Schoenherr part of the advisory team. |